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One thing is for sure, I would rather have Pinnacle losing the money on our flying than our mainline partner losing money on our flying.
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Originally Posted by DMEarc
(Post 1119829)
The Saab, Q400, Pinnacle ATL 900s are all losing money. It is not sustainable. |
Originally Posted by JoeMerchant
(Post 1119855)
Why just the ATL 900s and not the rest? Are they a different contract? Is it because of the size of the base?
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Two entire fleets and a small number of airframes in a particular base are "losing money"...and yet the company as a whole is operationally profitable...
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Two salient words here my friends, cash flow...what it truly comes down to in the final analysis.
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Originally Posted by Jamers
(Post 1119835)
This looks like a preparatory message for chapter 11. Sean makes bankruptcy look like the protagonist hero, riding in to save the company. It's definitely going to happen.
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PNCL owns the 16 -900's in ATL. DL owns all the XJ 900's, 200's, and 9E 200's. Owning the planes seems to be more expensive than just operating them.
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This may be old already but....
Pinnacle?s CEO Warns of Chapter 11 Amid Worsening Financials - Bloomberg |
I like how the letter implies that Bloch should have put up higher fences to ease the training burden on the company. Last time I checked that wasn't part of his job description. I know it's highly unlikely, but for all they know the three merger committees could have come to an agreement outside of arbitration.
He should just come out and say that the management team who signed the contract (including our current COO) couldn't see the forest for the trees. Gotta love this industry. |
I like how the letter implies that Bloch should have put up higher fences to ease the training burden on the company. Last time I checked that wasn't part of his job description. |
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